By Sheri Kasprzak
New York, Aug. 18 - FairWest Energy Corp. priced a C$3.7 million private placement.
The offering includes up to 4 million flow-through shares at C$0.65 each and up to 2 million non flow-through shares at C$0.55 each.
The deal is scheduled to close Sept. 30.
Calgary, Alta.-based FairWest is an oil and natural gas exploration, development and production company.
| Issuer: | FairWest Energy Corp.
|
| Issue: | Flow-through and non flow-through shares
|
| Amount: | C$3.7 million
|
| Pricing date: | Aug. 18
|
| Settlement date: | Sept. 30
|
| Stock symbol: | Toronto: FEC
|
| Stock price: | C$0.53 at close Aug. 18
|
|
|
| Flow-through shares
|
| Shares: | 4 million
|
| Price: | C$0.65
|
| Warrants: | No
|
|
|
| Non flow-through shares
|
| Shares: | 2 million
|
| Price: | C$0.55
|
| Warrants: | No
|
|
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
